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Gold/Mining/Energy : Royal Oak-RYO

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To: Madharry who wrote (921)	4/15/1998 1:27:00 PM
From: Michael Bidder	Read Replies (1) of 1706

<<I am unfamiliar with Canadian bankruptcy law>> -Ryo is a US registered corporation. <<the senior debt holders would like their interest payments to continue>> -Ryo is unable to pay debt and has not been paying to my knowledge. <<Doesn't the fact that the price of the bonds are holding up so well tell you that there are some sophisticated entities outside of the company who believe the mine is economic?>> -or a good short opportunity

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